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Portland Real Estate Market Update for January 2023

Portland Real Estate Market Update for January 2023
Portland Real Estate Market Update for January 2023

In January 2023, there were 1,938 new listings, which is a 16.0% decrease from the 2,307 listed in January 2022, and an increase of 80.6% from the 1,073 listed in December 2022.

1,771 pending sales last month show a 22.6% decrease from the 2,287 offers accepted in January 2022, and an increase of 46.8% from the 1,206 offers accepted the previous month in December 2022.

Closed sale count of 1,088 this past January was a decrease of 41.3% from the 1,853 closings last year in January 2022, and a decrease of 25.7% from the 1,464 closings last month in December 2022.

Inventory increased to 2.7 months in January 2023. Total market time increased to 65 days, with the average home sale price of $532,900, and a median home sale price of $489,500.

For more information about what this market update means for you and your plans to buy or sell a home in the Portland Metro area, contact our team today!

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Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

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